TowerBrook Capital and Warburg Pincus completed the acquisition of AA for £218m.

TowerBrook Capital and Warburg Pincus, American private equity firms, completed the acquisition of AA, a provider of road services for commercial customers for £218m ($289m). “The board, having considered carefully the viability of a range of alternative potential debt and equity refinancing options together with its financial advisers, has indicated to the consortium that it would be willing to recommend a cash offer on the terms of the proposal. Accordingly, the company is engaged in advanced discussions with the consortium in relation to the possible offer,” Automobile Association Developments.